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Wednesday, May 21st, 2008

May 2008
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< Wednesday 21st >
• Growth in Stanchart Bank's Lending Slows: Standard Chartered Bank has broken ranks with its peers by recording a marginal increase in its lending portfolio.
• Price of Maize Flour Expected to Soar Despite State Imports: Millers sent a tough message yesterday that there would be no respite to the food crisis, at least in the short term, with the price of maize flour set to rise by 20 per cent before August.
• Chaos - MP Dismisses Amnesty Calls: Lari MP David Njuguna has dismissed calls for amnesty for inciters of post-election, saying they should face the law.
• Kenya Faces Sh200 Billion Budget Crisis: Kenya's Budget will have a hole of almost Sh200 billion, Planning and National Development minister Wycliffe Oparanya said Tuesday.
• 260 Families Homeless After Floods: At least 260 families in Tana delta have been displaced by floods after River Tana burst its banks.
• Inequalities to Blame for the Continent's Woes: South Africa is generally regarded as Africa's most prosperous and stable country. But the sudden wave of attacks targeting workers and residents from other African countries shows that the country has not been not spared the curse of economic and...
• Forensic Tests Confirm Death of Militia Boss: A forensic examination on the body of Sabaot Land Defence Force commander Wycliffe Komol Matakwei has cleared uncertainty surrounding his death.
• MPs Vow to Reject Regional Budget: Members of the East African Legislative Assembly Tuesday vowed to reject a budget for the regional body.
• Nairobi to Swallow 12 Towns in Expansion Plan: A plan to transform the City of Nairobi into a metropolis makes radical proposals on its expansion, transport and rate collection.
• Mobile Phone Price War Heats Up: The battlelines in the war for subscribers seem to have been drawn after leading industry players within hours of each other on Monday announced a new set of cheaper calling rates.
• Tragedy in the Making: On Monday, thousands of workers at the Athi River-based Export Processing Zone rioted, seeking arrears, and complaining of poor pay. It's not the first time this has happened.
• Lessons We Must All Learn From Post-Election Carnage: THERE ARE SEVERAL PONDERABLES as well as imponderables, which fanned the recent post-election violence. In my view, it is ponderable but wholly stupid for people from Mbeere to buy land and settle in Makuyu and set up a village called Siakago, for...
• Fifa May Ban Team Again: Kenya is just hours from yet another ban from international football after the World governing body, Fifa, issued a 72-hour ultimatum for the country to fix the mess at KFF or face disciplinary action.
• Model of Hope for Aids Sufferers: A new unique way of tackling the impact of the HIV and Aids scourge in Kenya is shaping up in a remote village in Kitui District.
• Fake Cheques Hamper Safaricom Share Allocation: An unexpectedly high tally of fraudulent cheques from investors and some stockbrokers is hampering allocation of shares in the ongoing Safaricom IPO, now in its verification and share allotment stage.
• Kenyans Targeted in Violence: A Kenyan woman was attacked by a mob and her household goods looted as another had her cellphone shop broken into and stock stolen in the violence-hit parts of Johannesburg, South Africa.
 
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